j.j. ramberg. welcome to the both of you. jared, let's start with the october jobs reports there. the unemployment. it did tick up just .1% to 7.9. but the economy added 171,000 jobs. so when you go inside the numbers, what is it that we find? >> you find a generally positive jobs report, one that shows some real momentum in terms of the pace of job growth. the big number there, 171,000 new jobs added on the payrolls in october. and actually, what i like to do with these monthly numbers, because they can be quite noisy month-to-month, is average out a few months. and if you take the average of the past four months, we're adding about 170,000 per month. now, you compare that with the much slower pace of job growth in the second quarter, about 70,000 per month. and you get a sense of the uptick, of the momentum. that's important in an economic sense, it's also important in a political sense.